8535 Colgate Ave

Los Angeles, CA 90048

$3,721,750
Last Sold Price
10
Beds
10
Baths
7,614 Sq. Ft.
$489 / Sq. Ft.
7,614
Sq. Ft.
$489
per Sq. Ft.

Description

8535 Colgate Ave is AN INCREDIBLE INVESTMENT AND THE ULTIMATE OWNER-OCCUPANT APARTMENT BUILDING. This is a one-of-a-kind property located at the intersection of Beverly Hills and West Hollywood. The property has three VACANT, fully furnished and designer-renovated units! No expense has been spared and no detail missed from the designer wallpaper to the custom-made furniture and right down to the place settings, everything has been done in style. This condo-quality 6-unit apartment building is a truly...8535 Colgate Ave is AN INCREDIBLE INVESTMENT AND THE ULTIMATE OWNER-OCCUPANT APARTMENT BUILDING. This is a one-of-a-kind property located at the intersection of Beverly Hills and West Hollywood. The property has three VACANT, fully furnished and designer-renovated units! No expense has been spared and no detail missed from the designer wallpaper to the custom-made furniture and right down to the place settings, everything has been done in style. This condo-quality 6-unit apartment building is a truly unique opportunity for an investor or owner-user to acquire a stunning pride of ownership building that's steps from Burton Way and across the street from 8500 Burton, Trader Joe's and the SLS Hotel. The property offers a rare and ideal combination of having undergone an extensive renovation while still maintaining huge rental upside and unlocked value potential. The property also features smart thermostats, mounted televisions, custom window treatments, and built-in modern closets with jewelry drawers! Most units even include a private patio or balcony. There are so many things that set this boutique building apart including the fact that the apartments throughout the building have no shared walls. There are only two apartments per floor with an upgraded elevator that opens to private lobbies. 8535 Colgate is steps from Restaurant Row, Cedars Sinai, the retail on Robertson and the Beverly Center. You will not find a location that's surrounded by more dining, entertainment and nightlife options. The quality of the property and the immaculate location make this a one-of-a-kind opportunity.
  1. Listed by Bryan Glenn • DRE #01441095 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 8535 Colgate Avenue

Zoning
LAR3
Parcel Number
4334016040
Total Units
6.0
Living Area
7614
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
3
Lot Size Area
5197
LISTING UPDATED: 06/26/2024 02:35 PM

Property Details for 8535 Colgate Avenue

StatusSold
MLS #23-306721
Days on Market154
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.12 AC / 5,197 SF
CountyLos Angeles County

Building

StayTony Beverly Hills

6 Units3 Stories

Location

Listing Courtesy of Kidder Mathews of California, Inc., Bryan Glenn, DRE #01441095

Sold By Non-member Office, Non-member 999999, DRE #3071058

Add your commute

Building Information for 8535 Colgate Avenue

Stories3Residences6Year Built-Building Size-Lot Size0.12 AC / 5,197 SF

Payment Calculator

$20,901 per month

30 year fixed, 6.845% Interest

Principal and Interest

$19,500

Property Taxes

$1,401

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8535 Colgate Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $252,954
  • Net Operating Income: $161,146.00
  • Gross Income: $260,777
  • Gross Rent Multiplier: $16.68
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 91807
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1193
  • Lot Size Square Feet: 5197
Parking Details
Parking Details
  • Parking Garage: Tandem, Carport Attached
  • Total Parking: 8
  • Parking Features: Tandem Garage, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Formal Entry, Primary Bathroom
  • Rooms: Formal Entry, Dining Area, Master Bedroom, Patio Open
  • Levels: One
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Dishwasher, Elevator, Built-Ins, Intercom, Range/Oven, Refrigerator
  • Cooking Appliances: Oven-Gas
  • Laundry: In Unit, Community
  • Laundry Equipment: Own, Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-07-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,514.00
  • Unit Actual Rent: $5,028.00
  • Unit Projected Rent: $5,028.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,003.00
  • Unit Actual Rent: $1,003.00
  • Unit Projected Rent: $1,003.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $528,899.00
  • Assessed Improvement Percent: 42.27
  • Assessed Land Value: $722,278.00
  • Assessed Land Percent: 57.73
  • Assessed Total Value: $1,251,177.00

Property History for 8535 Colgate Avenue

DateEvent & SourcePriceAppreciation
Apr 29, 2024

Sold

CRMLS #23306721

$3,721,750—
Apr 29, 2024

Sold

CLAW #23-306721

$3,721,750—
Mar 27, 2024

Sold (Public Record)

Public Record #1531177269

$2,097,000

+1.7% / yr

Feb 6, 2024

Pending

CLAW #23-306721

—
Feb 6, 2024

Accepting Backup Offers

CLAW #23-306721

—
Feb 6, 2024

Accepting Backup Offers

CRMLS #23306721

—
Sep 5, 2023

Listed (Active)

CLAW #23-306721

$4,350,000—
Sep 5, 2023

Listed (Active)

CRMLS #23306721

$4,350,000—
Nov 11, 2015

Expired

CRMLS #01033471

$1,295,000—
Nov 11, 2015

Expired

CRMLS #00295125

$1,100,000—
Sep 25, 2014

Expired

CRMLS #829661

$795,000—
Sep 25, 2014

Expired

CRMLS #800376

$895,000—
Dec 27, 2011

Sold

CRMLS #11564657

$1,712,500—
Dec 27, 2011

Sold

CLAW #11-564657

$1,712,500—
Nov 28, 2011

Sold (Public Record)

Public Record #321303413

$1,712,500

-1.8% / yr

Nov 17, 2011

Pending

CLAW #11-564657

—
Nov 17, 2011

Pending

CRMLS #11564657

—
Nov 4, 2011

Listed (Active)

CLAW #11-564657

$1,680,000—
Nov 4, 2011

Listed (Active)

CRMLS #11564657

$1,680,000—
Oct 27, 2010

Expired

CRMLS #10474529

$1,595,000—
Aug 26, 2010

Listed (Active)

CRMLS #10474529

$1,595,000—
Jan 23, 2010

Expired

CRMLS #09386237

$1,690,000—
Jan 22, 2010

Expired

CLAW #09-386237

$1,690,000—
Aug 26, 2009

Listed (Active)

CLAW #09-386237

$1,800,000—
Jul 23, 2009

Listed (Active)

CRMLS #09386237

$1,800,000—
Dec 30, 2006

Expired

CLAW #06-004945

$1,949,000—
Dec 5, 2006

Sold (Public Record)

Public Record #211451042

$1,875,000—
Mar 30, 2006

Listed (Active)

CLAW #06-004945

$2,295,000—
Feb 20, 2004

Sold

CLAW #03-217361

$1,495,000—
Dec 17, 2003

Pending

CLAW #03-217361

—
Nov 5, 2003

Listed (Active)

CLAW #03-217361

$1,495,000—
Dec 1, 2001

Expired

CLAW #01-033471

$1,295,000—
Dec 1, 2001

Expired

SDMLS #01033471

—
Jun 1, 2001

Listed (Active)

CLAW #01-033471

$1,395,000—
Jun 1, 2001

Listed (Active)

CRMLS #01033471

$1,295,000—
Jun 1, 2001

Listed (Active)

SDMLS #01033471

$1,295,000—
Feb 2, 2001

Expired

SDMLS #00295125

—
Feb 2, 2001

Expired

CLAW #00-295125

$1,100,000—
Aug 2, 2000

Listed (Active)

SDMLS #00295125

$1,100,000—
Aug 2, 2000

Listed (Active)

CRMLS #00295125

$1,100,000—
Aug 2, 2000

Listed (Active)

CLAW #00-295125

$925,000—
Mar 17, 1999

Expired

CLAW #829661

$795,000—
Feb 10, 1999

Expired

CLAW #800376

$895,000—
Sep 17, 1998

Listed (Active)

CRMLS #829661

$795,000—
Sep 17, 1998

Listed (Active)

CLAW #829661

$849,000—
Aug 10, 1998

Listed (Active)

CLAW #800376

$795,000—
Jan 6, 1998

Listed (Active)

CRMLS #800376

$895,000—
DateEvent & SourcePrice
04/29/2024

Sold

CRMLS #23306721

$3,721,750
04/29/2024

Sold

CLAW #23-306721

$3,721,750
03/27/2024

Sold (Public Record)

Public Record #1531177269

$2,097,000

+1.7% / yr

02/06/2024

Pending

CLAW #23-306721

—
02/06/2024

Accepting Backup Offers

CLAW #23-306721

—
02/06/2024

Accepting Backup Offers

CRMLS #23306721

—
09/05/2023

Listed (Active)

CLAW #23-306721

$4,350,000
09/05/2023

Listed (Active)

CRMLS #23306721

$4,350,000
11/11/2015

Expired

CRMLS #01033471

$1,295,000
11/11/2015

Expired

CRMLS #00295125

$1,100,000
09/25/2014

Expired

CRMLS #829661

$795,000
09/25/2014

Expired

CRMLS #800376

$895,000
12/27/2011

Sold

CRMLS #11564657

$1,712,500
12/27/2011

Sold

CLAW #11-564657

$1,712,500
11/28/2011

Sold (Public Record)

Public Record #321303413

$1,712,500

-1.8% / yr

11/17/2011

Pending

CLAW #11-564657

—
11/17/2011

Pending

CRMLS #11564657

—
11/04/2011

Listed (Active)

CLAW #11-564657

$1,680,000
11/04/2011

Listed (Active)

CRMLS #11564657

$1,680,000
10/27/2010

Expired

CRMLS #10474529

$1,595,000
08/26/2010

Listed (Active)

CRMLS #10474529

$1,595,000
01/23/2010

Expired

CRMLS #09386237

$1,690,000
01/22/2010

Expired

CLAW #09-386237

$1,690,000
08/26/2009

Listed (Active)

CLAW #09-386237

$1,800,000
07/23/2009

Listed (Active)

CRMLS #09386237

$1,800,000
12/30/2006

Expired

CLAW #06-004945

$1,949,000
12/05/2006

Sold (Public Record)

Public Record #211451042

$1,875,000
03/30/2006

Listed (Active)

CLAW #06-004945

$2,295,000
02/20/2004

Sold

CLAW #03-217361

$1,495,000
12/17/2003

Pending

CLAW #03-217361

—
11/05/2003

Listed (Active)

CLAW #03-217361

$1,495,000
12/01/2001

Expired

CLAW #01-033471

$1,295,000
12/01/2001

Expired

SDMLS #01033471

—
06/01/2001

Listed (Active)

CLAW #01-033471

$1,395,000
06/01/2001

Listed (Active)

CRMLS #01033471

$1,295,000
06/01/2001

Listed (Active)

SDMLS #01033471

$1,295,000
02/02/2001

Expired

SDMLS #00295125

—
02/02/2001

Expired

CLAW #00-295125

$1,100,000
08/02/2000

Listed (Active)

SDMLS #00295125

$1,100,000
08/02/2000

Listed (Active)

CRMLS #00295125

$1,100,000
08/02/2000

Listed (Active)

CLAW #00-295125

$925,000
03/17/1999

Expired

CLAW #829661

$795,000
02/10/1999

Expired

CLAW #800376

$895,000
09/17/1998

Listed (Active)

CRMLS #829661

$795,000
09/17/1998

Listed (Active)

CLAW #829661

$849,000
08/10/1998

Listed (Active)

CLAW #800376

$795,000
01/06/1998

Listed (Active)

CRMLS #800376

$895,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8535 Colgate Avenue

Taxable ValueLand$751,457Additions$550,265Total$1,301,722
Tax Record2024$16,807 ($1,401 / month)
Home Facts
Total Finished SqFt7,614 SqFtAbove Grade Finished SqFt7,614 SqFtLot Size5,197 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN4334-016-040

Schools near 8535 Colgate Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Rosewood Avenue Elementary School
PublicK to 5

West Hollywood Opportunity School
Public7 to 12

Fairfax Senior High School
Public9 to 12

West Hollywood Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Kidder Mathews of California, Inc., Bryan Glenn, DRE #01441095

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.